Press Release
JLL Income Property Trust Declares 55th Consecutive Quarterly Dividend
August 13, 2025
Naperville, IL
Acquired April 2025
Richmond, Virginia
Acquired March 2025
Maple Grove, MN
Acquired November 2024
Sherwood, OR
Acquired February 2024
August 7, 2025
JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), announced that on March 3, 2020 its Board of Directors approved a gross dividend for the first quarter of 2020 of $0.135 per share. JLL Income Property Trust has declared thirty-three consecutive quarterly dividends to its stockholders beginning with the first quarter 2012.
The dividend is payable on or around March 30, 2020 to stockholders of record as of March 25, 2020. On an annualized basis, this gross dividend is equivalent to $0.54 per share and represents a yield of approximately 4.4 percent on a NAV per share of $12.30 as of March 2, 2020. All stockholders will receive $0.135 per share less applicable share class-specific fees and the annualized yield will differ based on the share class.
A fourth quarter dividend of $0.135 per share, less applicable share class-specific fees, was paid according to the table below on February 3, 2020 to stockholders of record as of December 30, 2019.
M-I Share | A-I Share1 | M Share2 | A Share3 | |
---|---|---|---|---|
Q4 Quarterly Gross Dividend per Share | $0.13500 | $0.13500 | $0.13500 | $0.13500 |
Less: Dealer Manager Fee per Share | - | ($0.00826) | ($0.00900) | ($0.02311) |
Q4 Quarterly Net Dividend per Share | $0.13500 | $0.12674 | $0.12600 | $0.11189 |
NAV per Share as of December 31, 2019 | $12.25 | $12.25 | $12.24 | $12.22 |
Annualized Net Dividend Yield Based on NAV as of December 31, 2019 | 4.4% | 4.1% | 4.1% | 3.7% |
JLL Income Property Trust is an institutionally managed, daily NAV REIT that gives investors access to a growing portfolio of commercial real estate investments selected by an institutional investment management team and sponsored by one of the world’s leading real estate services firms.
For more information on JLL Income Property Trust, please visit our website at www.jllipt.com.
Tax treatment may vary from investor to investor. You should consult your tax professional. For federal income tax purposes, REIT distributions may be classified as ordinary dividends, capital gain dividends and nontaxable distributions, each of which may be taxed at a different rate. That portion of a REIT’s distributions that are nontaxable may result in a reduction of the investor’s cost basis, which would make it subject to long or short-term capital gains tax when the investment is sold (when held in a non-qualified account).
You should read the prospectus carefully for a description of the risks associated with an investment in JLL Income Property Trust (JLLIPT). Some of these risks include but are not limited to the following:
This literature contains forward-looking statements within the meaning of federal securities laws and regulations. These forward-looking statements are identified by their use of terms such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “should,” “will,” and other similar terms, including references to assumptions and forecasts of future results. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. These risks, uncertainties, and contingencies include, but are not limited to, the following: our ability to effectively raise capital in our offering; uncertainties relating to changes in general economic and real estate conditions; uncertainties relating to the implementation of our investment strategy; and other risk factors as outlined in our prospectus and periodic reports filed with the Securities and Exchange Commission. Although JLLIPT believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that the expectations will be attained or that any deviation will not be material. JLLIPT undertakes no obligation to update any forward-looking statement contained herein to conform the statement to actual results or changes in our expectations.
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